IN BRIEF.VALLEY INDEX GAINS: The Daily News/Bloomberg Index rose 1.11 to 139.83, led by WellPoint Health Networks of Woodland Hills and Sylmar's MiniMed Inc. MiniMed rose 1-7/8 to 52-5/8. WellPoint shares rose 4.9 percent - or 3 1/16 to 65 - after the company's Blue Cross of California unit said it had reached an agreement with Sutter Health Sutter Health is a hospital network in Northern California based in Sacramento, California. External links
In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. Sutter Health agreed to a three-year contract under which Blue Cross customers can receive care at Sutter's 23 acute-care hospitals and long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. centers in California. A month ago, Sutter Health canceled its contract with WellPoint, saying it was not being reimbursed enough to cover its costs. - Bloomberg News T-BILL RATES RISE: Interest rates on short-term Treasury securities rose in Monday's auction. The Treasury Department sold $5.8 billion in three-month bills at an average discount rate of 4.995 percent, up from 4.945 percent last week. An additional $7.29 billion was sold in six-month bills at an average rate of 5.155 percent, up from 5.110 percent. - Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. HAWKER SIGNS UPS DEAL: Sun Valley-based landing gear maintenance service provider Hawker Pacific Aerospace Hawker Pacific Aerospace is a multinational aircraft parts and repair company based in the United States, and the United Kingdom. The company is a descendant of the Hawker Siddeley Company. It was formed in 1980 within British Aerospace, and merged with Dunlop Aviation Inc. in 1994. signed a five-year, $5 million service agreement with United Parcel Service United Parcel Service, Inc. (NYSE: UPS), commonly referred to as UPS, is the world's largest package delivery company, delivering more than 15 million packages[1] a day to 6.1 million customers in over 200 countries and territories around the world. Co. The contract calls for Hawker to perform landing gear repair and maintenance and provide a number of other services on UPS's fleet of 16 Boeing 747 aircraft. - Daily News HAAGEN BUYS SHOP: Santa Barbara-based Haagen Printing, which has a location in Westlake Village, has acquired Camarillo-based Center Graphics for an undisclosed cash price. The purchase will give Haagen a second offset printing location; the other is in Santa Barbara. - Daily News |
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